What is Wiederherstellungsklausel?
In this glossary, Wiederherstellungsklausel refers to: A provision in insurance or reinsurance contracts that specifies the terms under which coverage is restored after a claim payment, typically requiring an additional premium. Most common in catastrophe reinsurance, it allows for the policy limit to be reset following a loss event.
How is Wiederherstellungsklausel used in finance?
In finance communication, this term appears in contexts such as: "Das Rückversicherungsvertrag enthielt eine Wiederherstellungsklausel, die es dem Zedenten ermöglichte, den Versicherungsschutz nach einem Großschaden gegen eine zusätzliche Prämie wiederherzustellen."
Why does Wiederherstellungsklausel matter in finance?
Wiederherstellungsklausel matters because it supports clear communication in Insurance contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.
Who uses Wiederherstellungsklausel?
Wiederherstellungsklausel is mainly used by Financial Analysts, Bankers, and Traders.
What category does Wiederherstellungsklausel belong to?
In this glossary, Wiederherstellungsklausel is grouped under Insurance. Related pages in this category explain adjacent procedures, commands and operational concepts.
Where does this definition come from?
This definition is sourced from CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework and published by Protermify Finance as a static finance reference page.
